Emera Inc
TSX:EMA

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Emera Inc
TSX:EMA
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Price: 61.94 CAD -0.5%
Market Cap: 18.4B CAD

Relative Value

The Relative Value of one EMA stock under the Base Case scenario is 127.63 CAD. Compared to the current market price of 61.94 CAD, Emera Inc is Undervalued by 51%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

EMA Relative Value
Base Case
127.63 CAD
Undervaluation 51%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
33
vs Industry
34
Median 3Y
1.9
Median 5Y
2.1
Industry
1.7
Forward
2.2
vs History
41
vs Industry
10
Median 3Y
19.4
Median 5Y
18.8
Industry
15
Forward
18.7
vs History
73
vs Industry
44
Median 3Y
6.6
Median 5Y
8.3
Industry
7.1
vs History
vs Industry
3
Median 3Y
-6.8
Median 5Y
-12
Industry
13.9
vs History
14
vs Industry
44
Median 3Y
1.2
Median 5Y
1.3
Industry
1.4
vs History
46
vs Industry
25
Median 3Y
4.5
Median 5Y
4.6
Industry
2.9
Forward
4.4
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
7.9
vs History
52
vs Industry
27
Median 3Y
12.5
Median 5Y
12.7
Industry
10.6
Forward
9.9
vs History
63
vs Industry
16
Median 3Y
21.5
Median 5Y
22.1
Industry
15.1
Forward
16.5
vs History
88
vs Industry
33
Median 3Y
14.7
Median 5Y
18
Industry
10.9
vs History
vs Industry
Median 3Y
-46.1
Median 5Y
-28.5
Industry
16.8
vs History
4
vs Industry
41
Median 3Y
0.9
Median 5Y
0.9
Industry
0.9

Multiples Across Competitors

EMA Competitors Multiples
Emera Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Emera Inc
TSX:EMA
18.2B CAD 2.3 20.8 12.6 21.6
US
Nextera Energy Inc
NYSE:NEE
148B USD 5.9 27.1 17.1 30.8
ES
Iberdrola SA
MAD:IBE
97.6B EUR 2.2 20.1 8.8 16.5
US
Southern Co
NYSE:SO
99.5B USD 3.6 21.6 12.6 21.8
US
Constellation Energy Corp
NASDAQ:CEG
96.8B USD 4 32.6 15.4 25.6
IT
Enel SpA
MIL:ENEL
81.4B EUR 0.7 7.6 4.7 6.4
US
Duke Energy Corp
NYSE:DUK
89.9B USD 2.9 19.3 11.5 20.6
US
American Electric Power Company Inc
NASDAQ:AEP
55B USD 2.7 19.9 12.3 21.9
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
42.9B USD 1.8 15.8 10.6 18.8
US
Xcel Energy Inc
NASDAQ:XEL
38.9B USD 2.8 20.1 12.8 28.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Emera Inc
TSX:EMA
Average EV/EBITDA: 11.8
12.6
17%
0.7
US
Nextera Energy Inc
NYSE:NEE
17.1
19%
0.9
ES
Iberdrola SA
MAD:IBE
8.8
0%
N/A
US
Southern Co
NYSE:SO
12.6
7%
1.8
US
Constellation Energy Corp
NASDAQ:CEG
15.4
-4%
N/A
IT
Enel SpA
MIL:ENEL
4.7
7%
0.7
US
Duke Energy Corp
NYSE:DUK
11.5
7%
1.6
US
American Electric Power Company Inc
NASDAQ:AEP
12.3
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
10.6
10%
1.1
US
Xcel Energy Inc
NASDAQ:XEL
12.8
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Emera Inc
TSX:EMA
Average EV/EBIT: 21.3
21.6
24%
0.9
US
Nextera Energy Inc
NYSE:NEE
30.8
24%
1.3
ES
Iberdrola SA
MAD:IBE
16.5
2%
8.2
US
Southern Co
NYSE:SO
21.8
8%
2.7
US
Constellation Energy Corp
NASDAQ:CEG
25.6
2%
12.8
IT
Enel SpA
MIL:ENEL
6.4
7%
0.9
US
Duke Energy Corp
NYSE:DUK
20.6
9%
2.3
US
American Electric Power Company Inc
NASDAQ:AEP
21.9
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
18.8
11%
1.7
US
Xcel Energy Inc
NASDAQ:XEL
28.6
21%
1.4